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Monolecte

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Noiseuse professionnelle #rouspouetos depuis 1817 https://blog.monolecte.fr
(ex-futur ancien compte principal 🤔)
Compte de secours chez Zaclys → @monolecte

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rbreich , to Random
@rbreich@masto.ai avatar

Unemployment has been at or below (mostly below) 4% since the end of 2021.

4 years ago, Trump called it "joyous" &"stupendous" that unemployment was only 13.3%.

In the "booming" Reagan years, unemployment averaged 7.5%.

Pres. Biden is presiding over historically strong growth.

Monolecte ,
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@rbreich

The unemployment rate alone explains nothing.
A low unemployment rate may well be accompanied by a strong withdrawal of workers from the regulated market if conditions there are too poor, to the benefit of the informal sector.
It may also conceal a declining population or a sharp increase in work incapacity.

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